Boat Loans Australia :: News
SHARE

Share this news item!

CFS Launches New Advisory Initiative with Viridian

CFS Launches New Advisory Initiative with Viridian

CFS Launches New Advisory Initiative with Viridian?w=400
Colonial First State (CFS) is reshaping personal finance support by engaging with Viridian Advisory.
This initiative aims to aid FirstChoice superannuation, pension, and investment members seeking guidance without ongoing financial advisement.
The collaboration brings a novel approach to receive one-time, topic-focused advice tailored to individual needs.

Through this arrangement, CFS members have the opportunity to seek advice from Viridian Advisory on a variety of financial matters. Topics range from personal investments and debt management to superannuation, pensions, retirement planning, and navigating Centrelink. This service provides members a way to gain meaningful advice without needing a regular financial adviser.

Customers of CFS FirstChoice can benefit from this service by engaging in modular financial advice sessions. The initial cost for a single module starts at $500, with a combined total cap of $3000, allowing flexibility for clients to select and pay only for the advice they need.

The introduction of this modular advisory service addresses the growing demand for affordable financial guidance among the CFS member base. According to the organization, Viridian Advisory was selected due to their expansive reach, scalability, and enthusiasm to develop a targeted, cost-effective advising model for CFS members.

CFS is contemplating future expansions to this model by teaming up with additional licensees as the demand for advisory services rises. This partnership is one of many initiatives by CFS to ensure their members have diverse access to financial advice.

Beyond partnership with Viridian, CFS has previously collaborated with Otivo to offer self-guided digital financial advisory tools. They also provide the "Find an Adviser" tool to help members connect with the most suitable financial adviser available.

Historically, Viridian has been deeply rooted in professional partnerships and serves as a cornerstone client on the CFS Edge platform, marking a significant step forward in their cooperative efforts since their support of Westpac/BT.

Published:Tuesday, 5th Nov 2024
Source: Paige Estritori

Share this news item:

Finance News

AI in Financial Planning: Unlocking Potential with Prudence AI in Financial Planning: Unlocking Potential with Prudence
21 Nov 2024: Paige Estritori

Artificial Intelligence (AI) has rapidly become a focal point in modern financial planning, offering the potential to transform how advisers interact with clients. By providing automated solutions for routine tasks and analyzing vast data sets, AI promises increased efficiency and more personalized financial recommendations. - read more
Financial Advisory Expansion: Balancing Growth and Regulatory Challenges Financial Advisory Expansion: Balancing Growth and Regulatory Challenges
20 Nov 2024: Paige Estritori

The financial advisory sector in Australia is poised for significant expansion, with the potential to extend advisory services to an additional 650,000 clients. This promising development hinges on resolving existing regulatory barriers. A detailed analysis by Empower Business Advisory, sponsored by Colonial First State, underlines this potential shift in the industry landscape. - read more
Aussie Homeowners Show Resilience Amidst Rising Interest Rates Aussie Homeowners Show Resilience Amidst Rising Interest Rates
20 Nov 2024: Paige Estritori

Amid the global economic shifts, Australian homeowners, notably exposed to fluctuating interest rates, have defied pessimistic predictions and demonstrated resilience. Unlike many countries, most Australian mortgages are subject to variable interest rates, which heightens sensitivity to cash rate changes. - read more
NAB Faces Legal Action for Delayed Hardship Responses NAB Faces Legal Action for Delayed Hardship Responses
19 Nov 2024: Paige Estritori

In a recent development within the financial sector, the National Australia Bank (NAB) finds itself embroiled in a legal dispute initiated by the Australian Securities and Investments Commission (ASIC). At the center of the controversy are allegations that the bank failed to timely respond to hundreds of loan hardship applications from its customers. - read more
Employment Holds Steady Amid Rate Speculation Employment Holds Steady Amid Rate Speculation
15 Nov 2024: Paige Estritori

Australia's unemployment rate remained fixed at 4.1% this October, marking the third consecutive month without change, according to newly released Australian Bureau of Statistics data. Despite this steady figure, the growth of new jobs appears to be waning. - read more
UK Broker Hit with Multi-Million Pound Penalty for Misallocated Premiums UK Broker Hit with Multi-Million Pound Penalty for Misallocated Premiums
15 Nov 2024: Paige Estritori

A UK brokerage owner has been ordered to pay a substantial fine exceeding £1 million (approximately $1.96 million) and has been barred permanently from the financial services industry. This comes after regulators found him guilty of financially mismanaging funds intended for insurers and providing misleading information. - read more


Boat Loans Articles

Important Things to Consider When Buying a Boat in Australia Important Things to Consider When Buying a Boat in Australia
Buying a boat is a considerable investment and should be approached with care and attention to detail. It's a big decision because it requires not only a significant financial commitment but also a commitment to the upkeep and maintenance of the vessel. It's essential to consider your needs and intended use, as well as factors like size, type, and condition when making your decision. - read more
The Captain's Checklist: Essential Documentation for Australian Boat Loan Approval The Captain's Checklist: Essential Documentation for Australian Boat Loan Approval
Embarking on the exciting journey of boat ownership in Australia comes with its own set of nautical nuances, particularly when navigating the waters of financing. The cornerstone to a smooth sail towards securing a boat loan lies in the preparation and presentation of the essential documentation. This is not merely a procedural step, but a vital component in demonstrating your reliability and seriousness as a borrower. - read more
Financial Freedom on the Water: Boat Loans Simplified for Australians Financial Freedom on the Water: Boat Loans Simplified for Australians
Boating offers a unique escape and a chance to explore Australia's stunning waterways. For many, owning a boat is a dream come true, providing endless adventures and cherished memories with family and friends. - read more
How to Choose the Best Marine Insurance Policy While Financing Your Boat How to Choose the Best Marine Insurance Policy While Financing Your Boat
Welcome, fellow boating enthusiasts! Whether you're looking to sail the coasts of Australia or enjoy leisurely days on the water, financing a boat can be a thrilling adventure. However, securing the right marine insurance policy goes hand-in-hand with this exciting journey, and it's an absolute must. - read more
Sea-Worthy Solutions: How to Compare Boat Insurance Providers in Australia Sea-Worthy Solutions: How to Compare Boat Insurance Providers in Australia
Embarking on the journey to purchase a boat is an exhilarating milestone, bringing with it the promise of sun-soaked adventures and serene escapes on the water. Yet, beneath the waves of excitement, lies the crucial decision of selecting the right boat insurance provider in Australia—an aspect as pivotal as the vessel itself. Boat insurance not only safeguards your maritime investment against unforeseen incidents but also ensures that your nautical dreams stay afloat in turbulent times. - read more
Understanding Boat Insurance in Australia: A Guide for Buyers Understanding Boat Insurance in Australia: A Guide for Buyers
Boating is a popular recreational activity in Australia, with over 85% of the population living within 50 km of the coast. However, boaters must consider the risks associated with being out on the water, including accidents, theft and damage to property. Insurance can help protect boat owners from these risks and provide peace of mind while navigating Australia's waters. - read more
From Dreams to Reality: Choosing the Right Boat Loan for First-Time Buyers From Dreams to Reality: Choosing the Right Boat Loan for First-Time Buyers
Owning a boat is a dream for many Australians, offering an opportunity to explore the country's stunning waterways, enjoy recreational activities, and create lasting memories with family and friends. - read more
Navigating Boat Loans: How to Determine Your Financial Course Navigating Boat Loans: How to Determine Your Financial Course
Have you ever imagined yourself steering through the sapphire waters, the wind in your hair and the sun on your face, aboard your very own boat? The dream of owning a boat is a passionate pursuit for many. Yet, before this vision becomes a reality, there is a significant financial journey ahead that requires careful navigation and thoughtful planning. - read more
Smooth Sailing: Understanding Boat Loan Rates and Terms for Australians Smooth Sailing: Understanding Boat Loan Rates and Terms for Australians
From the bustling harbors of Sydney to the serene waters of the Great Barrier Reef, boating is a treasured Australian pastime that combines the love of the ocean with the spirit of adventure. With so many Australians drawn to the water, understanding the financial aspects of boat ownership is crucial, particularly when it comes to securing a boat loan. However, wading through boat loan rates and terms can feel as complex as navigating through choppy seas. - read more
The Benefits of Getting Preapproved Boat Finance for Australians The Benefits of Getting Preapproved Boat Finance for Australians
If you're in the market for buying a boat, then it's crucial to familiarize yourself with preapproved boat finance. Unlike typical boat loans where you apply for financing after you've decided on a boat, preapproval allows you to secure finance before you start shopping. This gives you peace of mind and greater control over the buying process, ensuring no surprises or delays arise along the way. - read more
The Benefits of Pre-Approved Boat Financing The Benefits of Pre-Approved Boat Financing
Pre-approved boat financing is an initial green light from a lender indicating that you are eligible to borrow up to a certain amount of money for the purchase of a boat. This process involves a preliminary assessment of your creditworthiness, usually before you start shopping for your new vessel. - read more
How to Choose the Right Boat Finance Option How to Choose the Right Boat Finance Option
Before embarking on the exciting journey of purchasing a new boat, it is essential to have a clear understanding of boat finance options. Choosing the right financing option can save you a considerable amount of money in the long run. Having said that, the numerous finance options and terms can be confusing and daunting for first-time buyers. - read more



Knowledgebase
Compound Interest:
Interest calculated on the initial principal, which also includes all accumulated interest from previous periods.


Quick Links: | Boat Loan Finance | Boat Loan Brokers | Boat Loan Calculators | Boat Loan Quote